You could get full health care at 80 points, or at age 60 with at least 10 years of service. If you went out before age 60, the pension was reduced by 4% per year. Strong incentive to stay until 60. When I punched out at 58, they took the calculate pension and gave me 92% of that amount.
Company still offers a pension today, but the numbers are slightly different. My pension was calculated on the highest straight time salary of the last 5 years, now it is calculate on some type of career average, but that includes overtime and bonuses. They also increased the amount of 401k match to 8 for 6 on the first 6%.
Company still offers a pension today, but the numbers are slightly different. My pension was calculated on the highest straight time salary of the last 5 years, now it is calculate on some type of career average, but that includes overtime and bonuses. They also increased the amount of 401k match to 8 for 6 on the first 6%.